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Wednesday, July 08, 2015 12:10:22 PM
Solar3D Reports Record Second Quarter Revenue
Leading solar power company files second quarter 10Q and reports sales for the quarter of $7.5 million
Santa Barbara, CA – July 24, 2014— Solar3D, Inc. (OTC: SLTD), a leading solar power company and the developer of a proprietary high efficiency solar cell, today filed its 10Q for the second quarter of 2014. This is the first time the company has reported full consolidated financial results since its acquisition of SUNworks, a rapidly growing provider of solar systems, based in Roseville, California. The quarterly report contains SUNworks’ second quarter sales of $7.5 million representing an increase of over 600% compared to Q1 2014, resulting in operating profits for the quarter in excess of $762,000.
“We are thrilled with our second quarter results, which have surpassed our initial expectations,” said Jim Nelson, CEO of Solar3D. “SUNworks’ revenue and profit margins are outstanding — with sales for the quarter approaching the sales level of all of 2013, and profit already exceeding the previous year. Our future looks brighter than ever.”
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